Dogecoin News Today: Dogecoin Surges 14% on Whale Accumulation and Bullish Technical Signs

Dogecoin has seen a short-term price rebound, driven by increased activity from major holders, commonly referred to as “whales.” Over the past month, the cryptocurrency rose nearly 14%, with an annual gain exceeding 130%. However, in the last 24 hours, it experienced a slight dip, raising questions about whether the upward momentum is sustainable or if the market is entering a consolidation phase [1].

Since August 14, whale activity has intensified, with approximately 270 million Dogecoin added to wallets containing over 1 billion DOGE. This accumulation suggests that high-net-worth investors are viewing the current price as an attractive entry point and are reinforcing their positions amid a weak market. Analysts have noted that such strategic buying by large investors can provide critical support during bearish periods [2].

Further evidence of reduced selling pressure is reflected in the Spent Coins Age Band metric, which tracks the movement of coins held over extended periods. The metric has shown a significant decline, from 429.77 million to 209.72 million active Dogecoin, indicating that older holdings are not being liquidated. This trend aligns with whale purchasing behavior and signals a growing confidence in the asset’s value [3].

Technical analysis supports the notion of short-term bullish momentum. On 4-hour charts, Dogecoin is approaching the $0.232 level, a key resistance threshold. If it holds above this level, buyers may gain further control, potentially extending the current rally. The Bull Bear Power (BBP) index has also shown a positive trend in the 4-hour timeframe, suggesting that buyer sentiment is strengthening [4].

The surge in whale activity has also been accompanied by over $500 million in large transactions, with individual transfers typically exceeding $1 million. These inflows highlight a growing conviction in Dogecoin’s long-term potential and are often considered a leading indicator for broader market movements. Analysts believe the whale-driven repositioning phase is a sign that the market is preparing for a larger shift [5].

Retail investor interest has also risen, with DOGE trading at $0.2363 in early August. The combination of whale accumulation and retail buying has added further support to the price rebound. Some analysts see these movements as part of a broader funding strategy, with whales positioning for long-term gains. The price action also aligns with a golden cross—a technical indicator historically associated with bullish momentum—reinforcing the positive outlook [6].

Despite the optimism, caution remains in the market. While whale accumulation and oversold conditions are seen as signs of a healthy bull market, some traders warn that a reversal could occur if major holders decide to offload their positions. Key technical levels have been identified, with support at $0.22–$0.23 and resistance around $0.238. A definitive close below $0.216 could signal a shift in the short-term trend [7].

The recent rally has also led to a wave of short liquidations, with $2.72 million in short positions being wiped out. This development has further bolstered market momentum and contributed to a more bullish sentiment. As the broader cryptocurrency market continues to stabilize, Dogecoin appears to be benefiting from both institutional and retail enthusiasm, driven primarily by whale activity and favorable technical indicators [8].

Source:

[1] title1.............................(https://thecurrencyanalytics.com/altcoins/dogecoin-surges-5-6-as-whale-activity-and-technical-momentum-drive-gains-190711)

[2] title2.............................(https://www.ainvest.com/news/dogecoin-whales-accumulate-208m-price-rebound-golden-cross-rally-2508/)

[3] title3.............................(https://coincentral.com/dogecoin-doge-price-half-billion-dollar-inflow-sets-stage-for-major-breakout/)

[4] title4.............................(https://www.ainvest.com/news/dogecoin-news-today-dogecoin-whales-accumulate-208m-price-rebound-golden-cross-rally-2508/)

[5] title5.............................(https://www.bitget.com/news/detail/12560604915281)

[6] title6.............................(https://www.ainvest.com/news/dogecoin-golden-cross-bullish-signals-start-2021-style-surge-2508/)

[7] title7.............................(https://www.mitrade.com/insights/news/live-news/article-3-1045435-20250816)

[9] title9.............................(https://coinstats.app/news/407626257d03c8d7339e013835e8c2d6672a9d15e1d9625e7a1fe1d4adae73d2_Dogecoin-XRP--Pi-Network-Could-Rally-Hard-But-Remittix-Might-Deliver-Bigger-Gains-in-Half-the-Time)